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How coronavirus affects the technology market

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Wuhan, in China's Hubei province, has been the deadliest TB case since the outbreak of SARS in 2003, with 40,000 confirmed cases in China since February 10.

While geographical isolation and travel restrictions have had a major impact on China, the virus has reached North America and Europe, with eight confirmed cases in the United Kingdom and two cases in Spain (at the time of writing this report).

A global health outbreak that also affects the tech industry in particular. China is a key link in the global supply chain Smartphones and other technical products for consumers.

With Wuhan blocked and other Chinese cities to follow, such as Taizhou and parts of Hangzhou, where Chinese retailer Alibaba is located, production is likely to be disabled.

The breakdown of Foxconn and Apple

Foxconn, a major iPhone maker, based in Taiwan, has stopped working in China until February 10, and has only partially opened, with 10% of workers returning to its Shenzen factory, which is a key production area.

IPhone and Airpod production is expected to be delayed due to a decline in production. It is also possible that Apple's mid-range phones, such as the iPhone SE 2/9, the next iPad Pro and MacBook will also be delayed.

However, Foxconn is off the production of some of its sites in India, Vietnam and Mexico, according to Reuters.

Like many other jobs in China, Poxconn was shut down during the inaugural Lunar New Year, which lasted until February 10 due to the outbreak. Distribution company GearBest It is also affected by shipping dates that may not continue until the 10th day.

Some Chinese provinces are advising companies to remain closed for long periods, until March 1, as reported by CNBC.

Analysts expect that in the current quarter, Apple will ship 5-10% more iPhones than expected. Apple has already closed all its retail stores in China.

Qualcomm

Qualcomm, the largest manufacturer of processors and modems for smartphones, announced that it would expect a lower profit for the next quarter due to coronavirus uncertainty in China.

China is both a unique building site for Qualcomm and an important source of revenue. The world is also an important market for smartphone shopping.

Facebook

Facebook has stopped accepting Oculus Demand orders, announcing the following:

"… like other companies, we expect an increased impact on our production hardware due to coronavirus. We are taking steps to ensure the safety of our employees, employees and customer manufacturers, and we take a close look at the situation. We are working to restore access as quickly as possible. "

Asus

Accordingly, Asus wrote in his iTouch that his ROG Phone II would no longer be available until further details could be made due to coronavirus-related interruptions.

Impact on trade finance: International Conference on Telephony 2020

Without a crack in the supply chain, leading tech brands and journalists withdraw from the MWC (Mobile World Congress) scheduled for later this month.

MWC is a major event in the electronics and smartphone industry, and is often the place where Brands advertises their new products.

Live, Intel and Amazon are the last to retire, behind Nvidia, LG and Nokia. Samsung, which is expected to present its Green S20 program on February 11, will reduce its attendance at the event.

Tony has previously announced that he will retire, but has since confirmed that it will continue with the conference online only, so we can still see the Sony Xperia 2 announced.

LGM's departure from LG also made the launch date of the LG G9 and LG V60 a chance, which was expected to be announced on Sunday, February 23.

Xiaomi, which will launch its Mi 10 phone on February 13, will continue to participate in CMM under precautionary measures, as announced on Twitter.

Electronic maker MediaTek will also not participate in the MWC.



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